GOL To Hold National Symposium on Business Climate

The Government of Liberia through the Business Climate Secretariat at the Ministry of Finance and Development Planning will on June 10, 2921, hold a one day National Symposium at the Ministerial Complex in Congo Town, Monrovia , Liberia.

According to a press release from the Ministry of Finance and Development Planning, `the Conference which is intermingled with the 4 th National Judicial Conference which begins on 7 th June 2021. The theme of the National Judicial Conference: The Law, Public Policy and the Economy will look at the nexus between the rule of law and access to justice as an enabler and facilitator of an improved business climate.

The release quoting Mr. Plingloh Emmanuel Munyeneh, the head of the Business Climate Secretariat at the MFDP said that the scheduled meeting will bring together major players in the private and public sectors. It added that specifically, this year’s summit will examine the linkages between three key World Bank’s indicators: enforcing contracts, resolving insolvency and access to credit in relations to access to justice and the rule of law. Speakers from the Liberia Chamber of Commerce, Liberia Business Association, the Commercial and Central Banks, the National Investment Commission are expected to make presentations.

The release also stated that the rationale for the mélange of this year’s business climate meeting with the 4th National Judicial Conference is intended to look at the rule of law and the dispensation of justice as pathways to private sector growth, efficiency in free market operations, equilibrium in supply and demand side economics, as well as the relationship between lenders and borrowers. According to Munyeneh, laws derive from the fountain of public policy must serve the common good of the people and by extension improve the well-being of society.

The country’s business partners including the Fula, Lebanese and Indian communities are expected to provide insights on decades of business activities and what lessons have been learned so far. International actors including the International Financial Corporation is expected to provide international perspectives on resolving insolvency and enforcing contracts as well as impediments to financial market development.

Representatives of some of the country’s concessionaires including Golden Veroleum, Mittal Steel, Firestone and APM Terminal Liberia are expected to be in attendance.

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